24248

Universal Sompo General Insurance Co. Ltd.

Company

Universal Sompo General Insurance Co. Ltd.

Year Established

2007

Brief History

Universal Sompo is a joint venture between Allahabad Bank, Indian Overseas Bank, Karnataka Bank Limited, Dabur Investments and Sompo Japan Insurance Inc., Universal Sompo is a uniquely symbolic example of fruitful Public-Private sector partnerships.

Three of the Indian partners are leading banks with a combined asset base of approx Rs. 204138 crores (as on 30th September 2008) and over 4000 branches and distribution centres, The 4th, Dabur, one of largest FMCG company in India with over 1.5 million retail outlets.

Sompo Japan Insurance Inc. , headquartered in Tokyo, is a Fortune 500 Company with a global presence, over 15000 employees and 69028 agents and its total premium income for 2007-2008 was in excess of (equivalent to) Rs.67,000 crores, twice that of the Indian General Insurance industry.


Promoters of the company

Allahabad Bank, Indian Overseas Bank, Karnataka Bank Limited, Dabur Inve?tments and Sompo Japan Insurance Inc.

Share Capital (In crores)

150 crores

Solvency margin ratio

4.23

Credit rating

NA

ISO Certificate

NA

Gross Direct Premium 2008-2009 (In crores)

30

Net Claim Incurred 2009-2010

(in crores)

NA

No of Employees

NA



No. of Branch Offices India =

Overseas =

30

0

Name & Designation of Key Executives

Mr. O. N. Singh, Chairman & Chief Executive Officer Mr. Koichi Hattori, Managing Director

Mr. K.R. Kamath, Non-Executive Director

Mr. S. A. Bhat, Non-Executive Director

Mr. Ananthakrishna, Non-Executive Director

Mr. Takeshi Oiwa, Non-Executive Director

Mr. Mohit Burman, Non-Executive Director

Mr. S. B. Mathur, Non-Executive Director

Mr. B. Ramani, Non-Executive Director

Mr. 5 Oguru, Non-Executive Director

Head Office

(Corporate Office) Address

Corporate Office:

Universal Sompo General Insurance Co Ltd

Unit No 310-311, 3rd Floor, Trade Center,

Sandra Kurla Complex, Sandra (East),

Mumbai 400051

Contact Number

Telephone : 022-26748600,022-40679000

Fax : 022-40679099

Email: contactus@universalsompo.com

Toll Free No. 1800224030,18001024030

Website

www.universalsompo.com

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